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Each December, I conduct a personal finance audit. As part of this years audit, I thought of updating my mutual fund investment journey, in particular, the rise and fall of my retirement corpus.

The idea behind this post is not to boast or claim how intelligent my investing strategy is. It is only to study volatility and perhaps point out that simple solutions are enough to achieve early financial freedom.

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Here is a free Google spreadsheet for tracking financial goal portfolios with an option to receive email alerts. This sheet created by Amol Wable, is a modified version of the financial freedom progress tracker published earlier by Guhan Ramanan.

Amol was kind enough to share his sheet at FB group, Asan Ideas For Wealth and allowed me to share it here.

Guhan developed his sheet without focussing on returns and daily email alerts. His thinking is that the user should focus on the current value of the corpus and what percentage of the target corpus has been achived. I concur. For example see:

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In this post, Anish Mohan discusses various options available to us for making cashless transactions. As always, Anish immediately responded to my request to write this article - a suggestion by Dr Ramesh Mangal. Thank you, Anish.

This is Anish's fourth post at freefincal. Do check out the links to the other post at the end of the article.


In the backdrop of the surgical strike on Fake Indian Currency Notes (FICN), Rs.500 and Rs.1000 denominated bills have been withdrawn on midnight of 9th Nov. The next day, the honourable Finance Minister Shri Arun Jaitley has nudged all Indians to move to a cashless economy. The word cashless and economy said together first sounds like an oxymoron. However, they are possible and can be implemented with various degrees of patronisation towards various demographics of people. Surely a digital wallet is well adaptable to a Gen Y person in an urban setup compared to grocery shop owner in a rural town. But, insurmountable it may seem, I strongly believe, it is possible and I had always dreamt of it.

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In a shocking move, the prime minister announced that Rs. 500 and Rs. 1000 notes cannot be used as legal tender from midnight 8th Nov. 2016. The main issue is handling this crisis for next week or so until things calm down.

ATMs will not work for the next two days and banks the next day as they prepare themselves for this transition.  Thankfully, we can still buy petrol with these notes until Nov. 11th. But they may not accept these notes - they will anyway have to give it to the bank! Bus and railway booking can also be done with these notes.

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A look at different ways in which couples – live-in or married, single income, or double income – manage money.

Often, the need to list out financial goals, the need to systematically invest for them and the need to invest enough is highlighted here. What I never bother to state explicitly is, money management or financial planning by a couple is primarily governed by their financial compatibility and how well they communicate with each other.  This is one of the key aspects of a successful marriage.  Financial fortification and focused investing is obviously best done together with a single-minded purpose, but this is often not the case.

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